Rem Offshore and VARD sign contract for CSOV

Rem Offshore and VARD sign contract for CSOV

Rem Offshore is pleased to announce that we have signed a contract for the design and construction of a state-of-the-art CSOV (Commissioning Service Operation Vessel) with VARD. This is the third CSOV VARD delivers to REM Offshore. The first two, REM Power and REM Wind, were delivered in 2023 and 2024 respectively.

The CSOV is tailored to provide services during the construction, operation, and maintenance of offshore wind farms worldwide. The VARD 4 19 design, developed by Vard Design in Ålesund, is a highly versatile platform for all support operations for offshore wind farms, focusing on onboard logistics, safety, comfort, and superior functionality.

The vessel will be equipped with a diesel-electric and battery hybrid propulsion system designed for highly flexible and fuel-efficient operation. Substantial volumes in the vessel are set aside for future upgrades or conversion to zero emission energy sources.

CEO in Rem Offshore, Lars Conradi Andersen is looking forward to continue the collaboration with VARD:

  • Rem Power and Rem Wind have set a new standard with their innovative solutions, high performance and low emissions. These ships were developed and built in close and good cooperation between us and VARD, and it is only natural for us to return to VARD when we now want to expand the fleet with a new CSOV.

Vard Electro’s SeaQ integrated bridge system will be part of the equipment onboard. The SeaQ bridge is the highest level of bridge integration with an extended architecture. The bridge uses a combination of VARD-developed integration solutions combined with touch screens to gather various systems into one operator station. The system has full-function startup and control functions.

CEO of VARD, Cathrine K. Marti, is pleased that REM Offshore is ordering another vessel from VARD:

  • We are pleased to see REM Offshore return to VARD for another contract and look forward to the good collaboration. It is important to us that we meet our customers’ expectations which again makes VARD a highly relevant partner when new vessels are to be built. Our strength is to deliver advanced and innovative vessels on time and within budget. This contract shows that we live up to our slogan, Built on Trust. Thanks again to REM Offshore for the trust placed in VARD.

The vessel has innovative equipment from several subcontractors:

The Kongsberg Group delivers the decision support system to the SeaQ integrated bridge system.

The vessel is also equipped with Metizoft’s Life Cycle Assessment system (LCA), which measures the vessel’s environmental impact through each step of its life cycle, from raw material extraction to disposal. By analyzing all relevant Environmental Product Declarations (EPDs), a complete assessment of the total environmental impact is made.

A highly specialized and customized work vessel delivered by Mare Safety provides safe, comfortable, and efficient transport of technicians and cargo between the CSOV and the wind turbines.

The CSOV is 85 x 19.5 m with cabins for up to 120 people, including 93 wind turbine technicians and a crew of up to 27 people.

The vessel will be built at Vard Vung Tau in Vietnam and is scheduled for delivery in Q4 2026.

Ill: VARD 4 19 | Commissioning Service Operation Vessel | Length 85 m | ACC. for 120 POB

Strong 2023 for Rem Offshore AS

Strong 2023 for Rem Offshore AS

Rem Offshore Group, which was re-established in 2016, announced its best annual report since the restart. Both revenue and profit were significantly higher than 2022 and previous years.

The Group achieved a revenue of NOK 1,279,581,000 in 2023. EBITDA (operating profit before depreciation) was NOK 773,821,000 and profit after tax was NOK 342,531,000. Rem Offshore had 19 ships in operation in 2023, achieving a total utilization rate of 95%.

The Group has a solid financial foundation with significant added value in its fleet and is well-prepared for further revenue growth and expansion in a strong market.

The positive development has continued in 2024, and in the first quarter of 2024, record-high revenue of NOK 388,539,000 was achieved, with EBITDA of NOK 244,858,000 and profit after tax of NOK 88,879,000. After selling the ship Rem Aquarius in December 2023, Rem Offshore had 18 ships in operation in Q1 2024 with a utilization rate of 97%.

The new vessel Rem Wind was delivered in April, and as of today, Rem Offshore has 19 ships in operation and 1 ship under construction.

We are also pleased to have secured more work for the IMR vessel Rem Inspector. We have entered into a 3-year agreement with DOF, where the vessel will be used in an IMR contract with Equinor. The contract starts in Q1 2025. As a result, we will re-flag the ship to NOR and bring it home from Taiwan, where it has been operating within offshore wind (walk-to-work)

The total backlog for Rem Offshore is nearly NOK 3.5 billion, with an equivalent amount in options.

Rem Offshore orders next generation vessel

Rem Offshore orders next generation vessel

Rem Offshore and Myklebust Verft have signed a contract for the construction of an Energy Subsea Construction Vessel (ESCV) with a 250 tonne crane. The vessel will be delivered in 2026 and will be the first of its kind that can perform heavy construction work in both offshore wind and subsea with net zero emissions. The contract also contains an option to build one more vessel.

Skipsteknisk has designed a very flexible platform in close cooperation with the Rem and Myklebust. The newbuilding is ground-breaking and uses a number of solutions where energy consumption is almost halved compared to comparable tonnage in today’s market, as well as meeting future requirements for zero emissions from end to end.The vessel will be equipped with dual-fuel methanol engines in combination with battery packs. All offshore lifting equipment, including the 250 T crane, is electric and regenerates power to the batteries. The working deck is over 1,400 m2, and it is also prepared for the installation of an offshore gangway for use in offshore wind.

– This is a big milestone for Rem Offshore. We are ordering our first net zero emission vessel and taking a big step into the future. We are looking forward to being able to offer the vessel to the market, and believe that our customers will appreciate the opportunity for more efficient and sustainable operations, says Lars Conradi Andersen, CEO of Rem Offshore

Myklebust Verft has delivered newbuilds to Rem in the past, and was a natural choice according to Conradi Andersen. – We know Myklebust Verft well, it is a quality yard that delivers ships of a high standard. Adding in their competitiveness, it is natural for us to use the world-leading maritime cluster locally when renewing our fleet.

Myklebust Verft is looking forward to add a new project to the backlog for a local customer.

– We are very happy that Rem Offshore has chosen Myklebust Verft to build this environmentally friendly vessel. This assignment is a recognition of all our employees and the quality that Myklebust stands for. The project will also have major positive ripple effects in our area, says Leiv Sindre Muren, CEO of Myklebust Verft.

F.l.: Åge Remøy, Chairman Rem Offshore, Leiv Sindre Muren, CEO Myklebust Verft, Lars Conradi Andersen, CEO Rem Offshore og Roger P. Hauge, Sales Manager Myklebust Verft

New charter agreements for Rem Offshore

New charter agreements for Rem Offshore

Rem Offshore is pleased to announce that several long-term contracts is signed for our vessels. The contracts have been signed on market terms and will ensure high fleet utilization in the coming years.

Rem Inspector has been awarded contracts for work on offshore wind projects in Taiwan. The contracts have a total duration of just over 1 year with start-up Q4 23. Rem Inspector is a subsea vessel built in 2013. Since 2019 Rem Inspector has worked within offshore wind with gangway services and commissioning of offshore wind farms.

The subsea vessel Rem Saltire has been awarded a 2-year contract for an international seismic supplier, and will be used for node seismic and ROV services globally.

Rem Mira has extended its contract with Serica Energy until Q4 2026. Rem Insula and Rem Cetus have extended their contract with Apache until Q1 2025. The supply vessels will continue to cooperate well with their charterers and will support their operations on the UK continental shelf.

Rem Star and Rem Art have extended 2 years with Equinor ASA and have ongoing contracts well into 2025. The supply vessels will support their operations on the Norwegian continental shelf, and Rem is pleased to continue its cooperation with Equinor. The vessels still have 3 annual options left after 2025.

It is gratifying to note that the contracts reflect both today’s market and the range of services we can offer to our good customers. We are solidly positioned in several segments with a modern and environmentally friendly fleet, and in combination with  great effort from our employees, we continue to be a preferred shipping company, says CEO Lars Conradi Andersen.

The contracts have a total value of just over NOK 1.5 billion, and Rem Offshore has a total backlog of around NOK 3 billion.

Rem Power announced as the Maritime Innovation of the year

Rem Power announced as the Maritime Innovation of the year

We are proud to inform that Rem Power won the Maritime Innovation of the year award, an award by GCE Blue Maritime Cluster aimed at recognizing the groundbreaking work done by our cluster members and showcasing our commitment to leading-edge solutions.

“Maritime Innovation of the year” honours an innovation technology, design or method that has strengthened the cluster’s position as a global leader in maritime innovation. 

Awarded by Anne Lise Sagen Major, Vice-Rector NTNU:

The jury believes that the three finalists, Seaonics ECMC Crane, Ulmatec Pyro Heat-to-Power concept and VARD’s REM Power for REM Purus represent the diversity of innovation in the maritime cluster. Here is the range from the unique individual products to smart ways of using new technology, to the major integration projects.

The entire maritime value chain is represented in this group. At the same time, the jury admits that it has been difficult to pit the various links against each other in the award of such a prize.

The winner demonstrates the power of the maritime cluster – from shipping company, ship design, engineering, shipyards, suppliers, assembly and commissioning. The project points to the future for not just one actor, but several, and represents an innovation platform for a number of players in the maritime cluster. Several important, green and technological solutions, such as Kongsberg’s Rim Drive Azimuth thrusters and Seaonic’s ECMC crane, are examples of products commercialized through this vessel. In addition, the project is the first to be prepared under the Ocean Charger project with the aim of enabling electric charging of ships in offshore wind farms.

The project is an example of how large joint projects lift the innovation power of a number of companies in teams. The shipping company and designer have together developed a unique vessel, and the yard is the hub that has linked all the players together and integrated a large number of new products and functions that individually can be worthy of a price.

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This year’s Blue Maritime Innovation Award is therefore awarded to REM POWER, designed and built by Vard, for Rem Purus.”

 On stage to receive the award, Amrit Bhullar, Senior Vice President Business Development & Group Innovation:

“It is very exciting to accept this important award. Rem Power is a pioneer in green and technological solutions from a number of players in the maritime cluster here in Sunnmøre. This is proof that collaboration across the cluster is important for innovation and development and that the old slogan that we collaborate when we can, but compete when we have to, still applies. We receive this award on behalf of VARD, Rem Purus and everyone who has participated in this project. Thank you so much to them, together we really make a difference to enable future-oriented and competitive development at sea.”

This is the first of two CSOV’s VARD is delivering to Rem Purus. REM Power is a pioneer in green and technological solutions. The Construction Service Operation Vessel (CSOV) is equipped with a Diesel-Electric & battery hybrid propulsion system designed for highly flexible and fuel-efficient operation. Substantial volumes in the vessel are set aside for future upgrades or conversion to zero emission energy sources.

– It is a great honor to receive this important award. Rem Power is a pioneer in green and technological solutions from a number of players in the maritime cluster here in Sunnmøre. This is proof that cooperation across the cluster is crucial for innovation and development and that the old slogan that we cooperate when we can, but compete when we must, still applies. We accept this award on behalf of VARD, Rem Purus and everyone who has participated in this project. Together we really make a difference to enable future-oriented and competitive development at sea, says Amrit Bhullar SVP Business Development and Group Innovation.